Home For Sale In Reading, Pennsylvania

house for sale

Listed: 05/01/24

1609 Mineral Spring Road, Reading, PA 19602, USA

6 Bed:

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Price

$ 450,000

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About This House

Welcome to 1609 Mineral Spring St! Real estate investors and enthusiasts, this profitable 5-unit apartment building is an opportunity you don't want to miss! Presenting a highly sought after 5-unit apartment building that not only generates a steady profit but also offers potential for rent growth. With long-term tenants and a prime location, this property has everything you need for a successful investment. Building consists of five units (all 1 bedrooms), each unit is currently occupied by long-term tenants, ensuring a stable cash flow from day one. Four out of the five units are on month-to-month leases offering flexibility for potential buyers. With its well-established long-term tenants, this apartment building is already generating a profitable income. However, the potential for … Full description

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Houses for sale in Reading

Original listing

Reading Housing & Living

Average sale prices for houses

4+ bed

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Month	Median Price
Apr 2024	$188,175 (0%)
Mar 2024	$188,175 (0%)
Feb 2024	$188,175 (0%)
Jan 2024	$188,175 (+24.4%)
Dec 2023	$151,300 (-22.1%)
Nov 2023	$194,256 (+6.1%)

In April 2024, the asking price for 4 bed houses for sale in/near Reading, United States averaged $188,175, staying on the same level compared to the previous month.

Median price trends for properties for sale in Reading, United States as of April 2024.

Household Income

Median household income: $28,755

Number of households: 28,980

The average household income in Reading, PA grew from $27,247 to $28,755 in the past year. This data is an estimate based upon 28,980 households in Reading, PA.
The chart below presents how household income is distributed in Reading, PA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $800-$1,500

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Reading, PA compared to median property taxes around the country. The prevalent amount of property taxes in Reading, PA equals $800-$1,500 , which is less than the national average.

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